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Mar 21, 2013
03/13
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the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in the statement. very mch shrugged it off. he basically said we could use a little bit more inflation right now? >> absolutely. >> he should shrug it off. i completely disagree with that. what the economy needs is employment and employment will lead to wage growth. then we can start worrying about inflation the adpri -- agree with earn about key the bigger risk they pull back too early and once again we see momentum slip away. this is a fragile recovery the upside of them being wrong so often that they actually acknowledge it and try and adjust. so the
the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in...
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Mar 20, 2013
03/13
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CNBC
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if there is a greater optimism about the economy? do you think that that's going to create anxiety, that the fed will start to scale back earlier than expected or is it a good thing when good news -- >> good news is not good news at the initial. there's too many people expecting that they will do nothing. you have to have it so the vast majority of people expect them to do something. >> it might create a sell-off in the market. >> they have to do it right. yeah, it could. >> could i add something. >> very quickly. >> at the end of the day the fed has to acknowledge the economy. it's good but not good enough. there's no way it's good enough for the fed to stop doing what it's doing. >> how good does the fed see the economy? let's find out right now. >> the federal reserve voting 11-1 to maintain its policy of purchasing $85 billion of mortgage-backed securities and treasuries monthly saying it will continue to make purchases until the labor market shows substantial improvement. that's pretty much exactly as written last time around. t
if there is a greater optimism about the economy? do you think that that's going to create anxiety, that the fed will start to scale back earlier than expected or is it a good thing when good news -- >> good news is not good news at the initial. there's too many people expecting that they will do nothing. you have to have it so the vast majority of people expect them to do something. >> it might create a sell-off in the market. >> they have to do it right. yeah, it could....
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Mar 20, 2013
03/13
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CNBC
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economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is declining, as house prices go up. so as people have bigger down payments, bigger equity in their homes, they become more creditworthy. so to some extent, not -- i don't want to overstate it, but to some extent, monetary policy, by strengthening the housing market, helping support house prices, is bringing more people into the mortgage market. >> fox business. the stock market has been hitting all-time highs. it's recovered all of its losses from the financial crisis. i just want to know from you if i stil
economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is...
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Mar 25, 2013
03/13
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KNTV
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i'm cautiously optimistic about the economy. it seems as if despite the unemployment, despite the debt, that consumers were spending, and we are enjoying the same level of success that we've enjoyed the last 12 months in the u.s. business. >> what about the minimum wage in this country, howard? is 725 enough? lots of pushes to take that up to $9 as president obama as talked about. >> i think the minimum wage issue is a double-edged sword. and what i would not want to see is the minimum wage go up and as a result of that employers starting to hire less people or cutting people's hours. and so you have to be very careful of the unintended consequences. on balance, i am a supporter of the minimum wage going up, but i think we have to be very, very careful. and i would say in terms of the health care law that is going to go into effect, there are significant unintended consequences that was not thought out as much as it should have that will significantly affect the cost structure of small businesses. and this is an example where i
i'm cautiously optimistic about the economy. it seems as if despite the unemployment, despite the debt, that consumers were spending, and we are enjoying the same level of success that we've enjoyed the last 12 months in the u.s. business. >> what about the minimum wage in this country, howard? is 725 enough? lots of pushes to take that up to $9 as president obama as talked about. >> i think the minimum wage issue is a double-edged sword. and what i would not want to see is the...
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Mar 20, 2013
03/13
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FBC
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i think the economy gets a surprise on the high side. the fed said that members expects gdp growth year in between 23 into eight. it will be a little higher, almost 3%. lou: great. now, that's the forecast. great to see it. up next, senator harry reid tells a major tenant of the presidents can control the agenda. in the "chalk talk" i'll show you the real reasons why. ♪ ♪ (train horn) vo: wherever our trains go, e economy comes to life. norfolk southern. one line, infinite possibilities. ♪ >> this is very important to me. and i'm not going to lay down and play dead. i think the american people have said in every single public poll that they support this kind of legislation not to give me a vote on this would be a major betrayal of trust. lou: senator dianne feinstein is not happy with senator harry reid. as you heard her they're insisting she will give up her fight to pass a ban on assault weapons for a second time, despite her dramatic rhetoric today, the senators facts to not quite lineup. kelli, asking americans in late january
i think the economy gets a surprise on the high side. the fed said that members expects gdp growth year in between 23 into eight. it will be a little higher, almost 3%. lou: great. now, that's the forecast. great to see it. up next, senator harry reid tells a major tenant of the presidents can control the agenda. in the "chalk talk" i'll show you the real reasons why. ♪ ♪ (train horn) vo: wherever our trains go, e economy comes to life. norfolk southern. one line, infinite...
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Mar 25, 2013
03/13
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FBC
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the last effort to bail out and save its economy, but the solution that has bank depositors and investors everywhere now nervous. the largest banks are taking up to 40% of all bank deposits more than 100,000 euros or $129,000 or higher leaving smaller deposits untouched. optimism over the deal initially pushed the s&p 500 to within a point of its all time high of 1565 in early trading. stocks told off the cypress bailout is a template for the ways in which the eurozone will address future bank problems and bailouts. the dow jones industrial average fell 64 # points, s&p down five, and the nasdaq lost ten points. on the domestic front, president obama called upon congress to, quote, finish the job on immigration. speaking during a citizenship ceremony at the white house, president obama stressed the importance of getting something done. >> we have known for years that the immigration system is broken, not doing enough to harness the ingenuity of those who work hard to find a place here in america, and after avoiding the problem for years, the time has come to fix it once and for all. the t
the last effort to bail out and save its economy, but the solution that has bank depositors and investors everywhere now nervous. the largest banks are taking up to 40% of all bank deposits more than 100,000 euros or $129,000 or higher leaving smaller deposits untouched. optimism over the deal initially pushed the s&p 500 to within a point of its all time high of 1565 in early trading. stocks told off the cypress bailout is a template for the ways in which the eurozone will address future...
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Mar 21, 2013
03/13
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FBC
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i think the economy gets a surprise on the high side. the fed said that members expects gdp growth year in between 23 into eight. it will be a little higher, almost 3%. lou: great. now, that's the forecast. great to see it. up next, sator harryeid tells a major tenant of the presidents can control the agenda. in the "chalk talk" i'll show you the real reasons why. ♪ gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got, other ? take that. never having to surrender the things that matter. gotcha. that's powerful. verizon. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. [ male announcer ] when you wear dentures you may not k
i think the economy gets a surprise on the high side. the fed said that members expects gdp growth year in between 23 into eight. it will be a little higher, almost 3%. lou: great. now, that's the forecast. great to see it. up next, sator harryeid tells a major tenant of the presidents can control the agenda. in the "chalk talk" i'll show you the real reasons why. ♪ gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got you ! got ya ! gotcha ! got ya. that's all you got,...
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the interest rate policy is our bank theft by another name but that didn't get the economy stimulated the way they wanted it to but these steps are still there that were incurred by the banks who took all the money so now they're just going to give up all pretense of enacting a policy and they're just going to reach in and steal your money. and let's see what has happened in the u.k. which has had radical quantitative easing and we've talked often to save our savers simon rose well he's got actual he's broken down the exact number the exact pounds that have been stolen from pensioners and savers for years of savers propping up the banks and subsidizing debt save our savers has cost. later that the total cost to savers in the four years since march two thousand and nine is two hundred twenty point four billion pounds max that's on a total savings in the u.k. of one point one trillion pounds so he's to basically half of it is because of inflation and half of it is because of reduced interest on the savings account very well even the bank of england released figures six months ago they s
the interest rate policy is our bank theft by another name but that didn't get the economy stimulated the way they wanted it to but these steps are still there that were incurred by the banks who took all the money so now they're just going to give up all pretense of enacting a policy and they're just going to reach in and steal your money. and let's see what has happened in the u.k. which has had radical quantitative easing and we've talked often to save our savers simon rose well he's got...
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Mar 26, 2013
03/13
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FBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know howerious identity theft
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15%...
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two pounds from interest income that would have gone in these pensioners accounts and spent in the economy so it's a form of financial suicide and there was as a result there was no growth so now they're just going to reach in and steal your money was shocking to me so there are still people in the media who are trying to rationalize this and justify this claim going to something other than just state sanctified of theft so remember saver saver says two hundred twenty point four billion pounds of one point one trillion that's almost twenty percent folks so where is that up where where are the people storming you know the prime minister all power how if interest rates are five percent in the u.k. adventurous rates are five percent of the united states the amount of money that would be circulating in the economy not sitting on corporate balance sheets like apple is projected to now one hundred seventy billion in cash in a balance sheet the next two years if interest rates are at normal rates to reflect the normal historical trends the economy would be in a growth the g.d.p. would be expandin
two pounds from interest income that would have gone in these pensioners accounts and spent in the economy so it's a form of financial suicide and there was as a result there was no growth so now they're just going to reach in and steal your money was shocking to me so there are still people in the media who are trying to rationalize this and justify this claim going to something other than just state sanctified of theft so remember saver saver says two hundred twenty point four billion pounds...
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Mar 20, 2013
03/13
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KQED
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economy. the u.s. economy's crucial. in order for the world to grow. euro has to go so the economy has to continue in this trajectory of stable solid growth and bring down the rate of unemployment. >> rose: do you expect, has the president engage in a different kind of shall we say diplomacy with congress we'll more likely kind a bargain between the republicans and democrats on taxes and spending. >> that's always going to go down to the wire. i wouldn't expect anything before. the question there is whether the negotiates going down to the wire will spook the markets or not. the markets have been remarkably resillient. we went through a sequester deadline. the dow hits an all time high during this. >> rose: why was that? >> because i think the fed trumps everything. money cures all. >> it's all about the fed. i'm a skeptic on the grand bargain. i don't think there's a passing game here. there's going to be a ground game and it's going to be, we're going to go yard by yard and we may get little species of this but the idea everyone's going to come toget
economy. the u.s. economy's crucial. in order for the world to grow. euro has to go so the economy has to continue in this trajectory of stable solid growth and bring down the rate of unemployment. >> rose: do you expect, has the president engage in a different kind of shall we say diplomacy with congress we'll more likely kind a bargain between the republicans and democrats on taxes and spending. >> that's always going to go down to the wire. i wouldn't expect anything before. the...
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Mar 21, 2013
03/13
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KQED
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economy gets back at a 4% growth rate? >> no, i'm not surprised. we saw no sense of that-- at the very beginning of the recovery we got to some 4% numbers. we even hit a five but it got revised down. but it didn't last long, and frankly, we've had very few quarters since the early stages of this recovery that had a 3 evennals the first digit, never mind a four. so four looks like a big stretch, but you're right to use a number like that. in previous overseases, beating four-- recoveries beating four was considered a piece of cake. >> rose: what's happening in the stock market, david? >> yeah, it's doing very nicely. a few things are happening. one, the corporate sector continues to do pretty well. even though g.d.p. growth has been mediocre, a large portion of that g.d.p. growth is going to the corporate sector instead of work fers a whole variety reasons. so that translates into pretty good corporate profits which in turn translates into good stock prices. the other thing is interest rates are so low by design people are willing to take risks and
economy gets back at a 4% growth rate? >> no, i'm not surprised. we saw no sense of that-- at the very beginning of the recovery we got to some 4% numbers. we even hit a five but it got revised down. but it didn't last long, and frankly, we've had very few quarters since the early stages of this recovery that had a 3 evennals the first digit, never mind a four. so four looks like a big stretch, but you're right to use a number like that. in previous overseases, beating four-- recoveries...
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went into a slowdown so what economy slowdown the fact that you're trying to pretend that it didn't go into a slowdown is making the situation much much worse you are putting at risk the entire global economy and that's because of all these camels out there that there are all these secret you know losses on these books that only the regulators are allowed to know the command and control that we see devastating economies around the world now and causing panic and that's why panic coast is a perfect guy to be in charge of the central banking system as all these and secret information came out and now you know we guarding this this all the secret information alexis goldstein on her tweet pointed out very interesting referred back to two thousand and twelve february thirteenth and this is a note from j.p. morgan on the volcker rule that they submitted to the senate why they shouldn't have the volcker rule they said quote the proposed rule appears to presume that banking entities will camouflage prohibited proprietary trading to evade the rule and that extraordinary efforts are necessary
went into a slowdown so what economy slowdown the fact that you're trying to pretend that it didn't go into a slowdown is making the situation much much worse you are putting at risk the entire global economy and that's because of all these camels out there that there are all these secret you know losses on these books that only the regulators are allowed to know the command and control that we see devastating economies around the world now and causing panic and that's why panic coast is a...
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Mar 19, 2013
03/13
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CNBC
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and the economy has improved and it's not been great. i think it gets better now finally because housing is finally at the point where no one is questioning whether it's recovering. they are just questioning the speed of the recovery. but, again, until the fed actually pulls back from some of this extraordinary easing, many investors, especially on the equity side of the business, will question the sustainability the rally without the fed propping it up as much as some people think it is. >> if we took the fed out of the equation, joe, is there anything else out there that could potentially be negative enough, maybe even something we haven't encountered yet, that could make this market come unstuck? >> i think it would have to be something geopolitical, some on the oil front. certainly there is some fear in asia we relations to the japanese and chinese. no, i don't think so, mandy. we're still in a very solid, cyclical spot. >> i think the issue, guys, is when you ask that question, mandy, the correct question is, joe, if there was 3% gd
and the economy has improved and it's not been great. i think it gets better now finally because housing is finally at the point where no one is questioning whether it's recovering. they are just questioning the speed of the recovery. but, again, until the fed actually pulls back from some of this extraordinary easing, many investors, especially on the equity side of the business, will question the sustainability the rally without the fed propping it up as much as some people think it is....
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Mar 20, 2013
03/13
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CNBC
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and global economy. they are doing it, we are seeing them succeed in a lot of different ways. the productivity story is good. that is where elevating standard of living comes from. that is -- we are looking at more confidence going forward now. >> and the dycotomi has been that the smaller businesses have not been able to do that. >> we have to stop picking on them. >> mike and tony will stay with us. situation in cyprus is as dicey as ever. question, will russia come to the rescue? will the banks there ever reopen? and will it stay in the eu? we've reports from moscow and cyprus, coming up next, please stay with us. >> situation in cyprus getting worse today, banks will not open until next week at the he earliest. good evening michelle. >> larry, another day, another attempt to try to come up with a rescue plan for cyprus, today cyprus suggested that they would try to raid a pension fund, and promise to pay the workers down the road. but that idea was not liked. additionally they are trying get money fr
and global economy. they are doing it, we are seeing them succeed in a lot of different ways. the productivity story is good. that is where elevating standard of living comes from. that is -- we are looking at more confidence going forward now. >> and the dycotomi has been that the smaller businesses have not been able to do that. >> we have to stop picking on them. >> mike and tony will stay with us. situation in cyprus is as dicey as ever. question, will russia come to the...
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find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to conjure reports . you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. max kaiser welcome to the kaiser report cyprus banks are going to open today no they aren't yes they are no they're not are they they are a cut on the deposits is ten percent no it's fifteen percent now it's forty percent now it's zero percent or maybe it's on a percent cyprus is leaving the euro now it's the troika backs the plan no does a backup plan yes it does no it doesn't welcome to the new world order it's called yes no maybe and maybe you'd have gold silver and bitcoin taking you out of this mess or else or well there's going to be well yes no or maybe the way. stacey exactly max you know there's one thing that's never uncertain about all of these plans they have
find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to conjure reports . you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. max kaiser welcome to the kaiser report cyprus banks are going to open today...
565
565
Mar 26, 2013
03/13
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FBC
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all the things you need good economy, bad economy they continue to do well. kimberly clark and clorox hitting new highs. [closing bell rings] liz: as the trades settle in the last couple of seconds the bell rings, two un, one, blastoff. the s&p 500 just at least right now, make it an all-time record of 1565. hey, got a tune in tomorrow to see if that happens. let's see how stocks finishing up. dow jones industrials up at highs of the session or close. up 111 points. s&p and russell up about half a percent here. david: it wasn't just equities that rallied. this time oil was on board. the energy pits seeing big moves to the upside. oil rallying 1.6%, settling at $96.4 a barrel. this is the highest close in five weeks. liz: incident stop there in the energy complex. did you see nat-gas pumping? nat-gas rallied 3% settling close to $4 per british thermal units. prices testing the $4. it has not been able to stealth above that level since november. david: news that liquified natural gas can be exported to great britain that is big news for natural gas. tech stocks
all the things you need good economy, bad economy they continue to do well. kimberly clark and clorox hitting new highs. [closing bell rings] liz: as the trades settle in the last couple of seconds the bell rings, two un, one, blastoff. the s&p 500 just at least right now, make it an all-time record of 1565. hey, got a tune in tomorrow to see if that happens. let's see how stocks finishing up. dow jones industrials up at highs of the session or close. up 111 points. s&p and russell up...
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Mar 21, 2013
03/13
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MSNBCW
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economy, let's go to cnbc's karen cho. a rollerer coaster ride the las couple days. >> we're looking for a mixed start. we're expecting to see a bit of a dip out of the gates for the like of the s&p 500 and also the nasdaq. there were gains across the market yesterday. this is exactly what investors are looking to see. the same stimulus train thanks to ben bernanke. we heard that the qe program, $85 billion a month in mortgage and treasury purchase will remain for the foreseeable future. ben bernanke still keeping an eye out for potential negative effects from the policy. but so far he's promised the markets this will continue. in terms of the commentary around the dart, we did see adjustment lower on the growth forecasts. smament, ben bernanke is pointing to the fact that there has been some improvement in the likes of the housing market. the fiscal consolidation thanks to its playing out for the budget, this is going to have an impact in 2013 growth, 2.3% to 2.8% is the number we're looking at. this is down from 2.3% to
economy, let's go to cnbc's karen cho. a rollerer coaster ride the las couple days. >> we're looking for a mixed start. we're expecting to see a bit of a dip out of the gates for the like of the s&p 500 and also the nasdaq. there were gains across the market yesterday. this is exactly what investors are looking to see. the same stimulus train thanks to ben bernanke. we heard that the qe program, $85 billion a month in mortgage and treasury purchase will remain for the foreseeable...
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Mar 19, 2013
03/13
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FBC
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what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to. they jack up prices to get world attention and also because maybe they will have to as the region becomes destablized with iraq and iran involved. so at the end of the day i think you're going to see, your segment with boone pickens was so right on the money, we have to find alternative. if there is any message not only to get involved, i pray that the obama administration realizes we need a no-fly zone. we need to arm the rebels about. this is not exact science what to do there. we need to take sides. the darwin one evolution what is happening i
what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to....
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Mar 21, 2013
03/13
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CNBC
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you've got the good economy. tremendous housing numbers, miraculous retail sales, terrific oil and gas markets. you have the bad economy. weakening commodity prices. slow commercial real estate business. really bad world commerce outlook. real soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's exactly what happened today. ben bernanke allowed the averages to power higher. dow gained 56 points. the s&p rising today, nasdaq jumping .78%. it's not sleight of hand or alchemy at work here, despite what critics say when they constantly slam the fed. >> boo! >> bernanke is not playing a game of move the stock market higher by simply continuing to keep the competition from bonds incredibly weak. he's got a real good reason for doing what he's doing, which is staying the course, keeping rates low. that reason? 1937. see, ben bernanke is a rigorous guy. he's a professor and a genuine scholar of american finan
you've got the good economy. tremendous housing numbers, miraculous retail sales, terrific oil and gas markets. you have the bad economy. weakening commodity prices. slow commercial real estate business. really bad world commerce outlook. real soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's exactly what happened today. ben bernanke allowed the averages to power higher. dow...
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Mar 25, 2013
03/13
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FBC
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what would boost homeownership but give the economy a bump. there is lot of talk getting rid of the mortgage interest rate deduction. people got all hysterical and upset about it. we have somebody in the business who says it doesn't lie in mortgage rates or prices. it is about, in a way, revising an eliminating eventually the mortgage deduction. if we fix it, we may just fix the housing market he says. have to hear bear by habeeb. david: oh, like barry. ♪ . liz: among the many debates how to help trim spending has been this idea of axing the mortgage interest rate deduction. oh, my god. the mortgage industry freaked out. the lobbyists flipped out of their mind. but our next guest who is part of that industry said axing it in a certain way, call it trimming it would just not only avoid derailing the recovery but a slight modification on the other hand could all we need for healthy house being market and economic boom. joining us now, barry habeeb. everybody i talk to says in the business they love to read your newsletters and listen to what y
what would boost homeownership but give the economy a bump. there is lot of talk getting rid of the mortgage interest rate deduction. people got all hysterical and upset about it. we have somebody in the business who says it doesn't lie in mortgage rates or prices. it is about, in a way, revising an eliminating eventually the mortgage deduction. if we fix it, we may just fix the housing market he says. have to hear bear by habeeb. david: oh, like barry. ♪ . liz: among the many debates how to...
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Mar 20, 2013
03/13
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KTVU
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he is likely to say the economy is better than it was weeks ago but he could mention the bailout to point out the risky economic situation. >>> hostess can sell and now a bankruptcy judge approved a deal and they still have to decide on the sale of other hostess brand including devil dogs and ring kings. >>> there is a new report about sugary drinks and where they rank for a health problem in the united states. >>> and we have a colorful celebration in the bay area, stay tuned for more news weather and traffic. . >>> carnival triumph was crippled by an engine fire leaving more than 4,000 people stranded but they will not be back until june 15th which means an extra 10 cruises will be canceled. >>> san francisco attorney wants the federal government to crack down on energy drinks. they are urging the fda to require the amount of caffeine to the put on the label. five deaths have been linked to the drinks and the company that makes the drinks say it is safe. >>> they have linked obesity to sugary drinks and the number comes from the american beverage association which says the study i
he is likely to say the economy is better than it was weeks ago but he could mention the bailout to point out the risky economic situation. >>> hostess can sell and now a bankruptcy judge approved a deal and they still have to decide on the sale of other hostess brand including devil dogs and ring kings. >>> there is a new report about sugary drinks and where they rank for a health problem in the united states. >>> and we have a colorful celebration in the bay area,...
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Mar 21, 2013
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they are such an integral part of what moves stuff in the economy. airlines are doing very well, but others are not. fedex, just an example of that. does that trouble you for the market here? >> yeah, it does trouble me. and going forward, we're going to watch those earnings closely, but you need a good transportation sector. we've had a nice little push, but now it seems to be getting a little weak. >> at the end of the day, $100 million for stocks for sale earlier. not a major number, but what are you expecting as we close out this day, down 86 points? does this get worse in the next minute? >> it could get a little worse. all the negative things considered, things aren't bad, down 80, 90 points at the end of the day. >> i'm going to go. we've got some numbers after the close. nike, we're waiting on, second hour of the "closing bell." see you tomorrow. alan, good to talk to you. >> you're skeptical on this rally? >> i am. >> is there a level that you need to get down to and you'll want to get back into this market again? >> you know, it is. it's fu
they are such an integral part of what moves stuff in the economy. airlines are doing very well, but others are not. fedex, just an example of that. does that trouble you for the market here? >> yeah, it does trouble me. and going forward, we're going to watch those earnings closely, but you need a good transportation sector. we've had a nice little push, but now it seems to be getting a little weak. >> at the end of the day, $100 million for stocks for sale earlier. not a major...
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Mar 20, 2013
03/13
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david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dropped 26% in the last three months. north america by comparison only fell 12%. big drop in purchases from asia. lauren: stronger than expected results from general mills giving a boost to the food stocks today, a slew of flames hitting life-time highs -- names. hershey, flower foods. j&j snack foods and hormel on the list. david: the markets continued their climb as the federal reserve vowed to keep the printing presses roll being but is the market the only thing really benefiting from their programs? former congressman and long-time fed critic ron paul is telling us exclusively how all this could have potentially, extremely dangerous impact on the money you have in the bank and our country in general. lauren: plus cyprus may be the on the brink of default and looking to confiscate people's mone
david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dropped 26% in the last three months. north america by comparison only fell 12%. big drop in purchases from asia. lauren: stronger than expected results from general mills giving a boost to the food...
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Mar 20, 2013
03/13
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but these two kind of the backbones of our economy. we have to keep our eyes and so many more of the transport stocks going forward. >> oracle now down about 7%. we'll get the updates from jon fortt later on in the show. ben bernanke, keeping the easy money and the rally for that matter going for now pushing the s&p 500 closer to an all-time high. let's get straight to the traders here. and dr. j. john najarian is also joining us here onset. we are points away from the s&p 500 hitting the all-time closing high. what's your guess on when that happens? >> if it weren't for oracle, it would have been early in the morning tomorrow. and even with oracle, i think the market still has enough gas, melissa to get past that. but to j.j.'s point and everyone on the desk, i agree there are some in the armor. not to push the market down, but to keep the fed in that tight box, that is exactly where the fed is. they're stuck, they can't get out of this now. if you were looking for an early exit, ain't happening, folks. not happening, not getting out
but these two kind of the backbones of our economy. we have to keep our eyes and so many more of the transport stocks going forward. >> oracle now down about 7%. we'll get the updates from jon fortt later on in the show. ben bernanke, keeping the easy money and the rally for that matter going for now pushing the s&p 500 closer to an all-time high. let's get straight to the traders here. and dr. j. john najarian is also joining us here onset. we are points away from the s&p 500...
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Mar 21, 2013
03/13
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about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock market, people are worried about how real those numbers are. stuart: you're very much in touch with the political reaction going on in the economy. but there is no political reaction to middle america about what is going on here. president obama is still relatively popular, his policies are still relatively popular. >> his handling of the economy have dropped precipitously. he is now basically dead even with the republicans handling of the economy, so i think the president should be more worried about it than he is. re
about the economy. that is not happening right now. stuart: middle america senses something is wrong, we have spent a ton of money, deeper in debt. >> the other thing they understand is you have this anomaly. the stock market is hitting record, yet the average person thinks they have money in a 401(k), that is great. but the other thing is they invest in a cd. there is nowhere to do normal savings right now because saving rates are close to zero. all this money being forced into the stock...
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Mar 25, 2013
03/13
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economy may be growing at a snail's pace. but our next guest says growth in emerging markets will be strong enough to support the u.s. market for quite a bit longer. >> in fact, he's expecting 5.5% growth in those countries by the end of the year. sam stovall is back with us to make the case. that's quite an impressive growth rate. where's it going to come from, though? >> well, traveling around the west coast last week a lot of clients were asking me, how do we end up with rising earnings here in the u.s.? how do we end up with an expanding pe multiple if we're in a below average economic growth rate here? and i remind them that a lot of the companies, 50% of revenues come from overseas. most of the growth coming from the emerging markets. a lot of that is indigenous growth. a lot of that also is growth that they are -- from an exporting perspective. >> right. >> certainly i'm not saying that there is a trigger that is being unexamined at this point. but indicating to investors that 'en though emerging markets are down about
economy may be growing at a snail's pace. but our next guest says growth in emerging markets will be strong enough to support the u.s. market for quite a bit longer. >> in fact, he's expecting 5.5% growth in those countries by the end of the year. sam stovall is back with us to make the case. that's quite an impressive growth rate. where's it going to come from, though? >> well, traveling around the west coast last week a lot of clients were asking me, how do we end up with rising...
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Mar 20, 2013
03/13
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economy. the u.s. economy looks like it is although slow growth, no growth, due to better than the world economy. lori: dimensioned ground over air is a choice. the surge in online shopping and so many of these retailers offering free shipping, would you think that would help to offset the disappointing earnings report for this quarter? >> absolutely. that is one of the things that disappointed us. it is a cooperation with the post office, we knew the ground business was doing very well, the parcels of the business, but would be expected to do better was the domestic express business because we saw in the end of february and december was interesting because christmas came on a tuesday and so on friday before christmas the 21st we saw a number of high-end retailers, saks fifth avenue, you name it, all offering free shipping, express shipping if you clicked before noon on friday. the good news is that led to a surge in business turn a negative business on volume last quarter into a positive this
economy. the u.s. economy looks like it is although slow growth, no growth, due to better than the world economy. lori: dimensioned ground over air is a choice. the surge in online shopping and so many of these retailers offering free shipping, would you think that would help to offset the disappointing earnings report for this quarter? >> absolutely. that is one of the things that disappointed us. it is a cooperation with the post office, we knew the ground business was doing very well,...
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Mar 20, 2013
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these would be the economy to me. and then i look at the housing permits, and i look at the bills, and i look at lennar and i think, boy, the fed has a tough job, just a tough job because a lot of the economy is terrible. employment is not that great but mortgage rates are so low that people are building houses again. they have a tough job. i don't know how they're going to pull it off. >> there's so much data to sift through. it's hard to know what to latch onto. >> let's talk about cyprus. the interest rates were headed higher. if
these would be the economy to me. and then i look at the housing permits, and i look at the bills, and i look at lennar and i think, boy, the fed has a tough job, just a tough job because a lot of the economy is terrible. employment is not that great but mortgage rates are so low that people are building houses again. they have a tough job. i don't know how they're going to pull it off. >> there's so much data to sift through. it's hard to know what to latch onto. >> let's talk...
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Mar 22, 2013
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been really silent since saying the budget sequester will produce very big lay-offs and a weakened economy. he's gone radio silent. we know next week that will be the week when the president will most likely use his podium to talk about how horrible sequestration will be, because it kicks in at the end of the month. perhaps the excellent jobless numbers we got this morning will be the last good one if it's as bad as obama scares us into thinking it is. we know that local and state governments are cutting back. that's not positive. finally, there is this missed quarter evidence. federal express did blow up. it was not a good number. caterpillar is down 12%, retail sales number might not translate into weak earnings. i was prepared for cat sales to be flat, maybe up a little, not down double digits. then we got oracle. while oracle almost always bounces back, making my charitable trust which owns the stock want to buy more, i have to believe the macroenvironment has gotten worse than we thought. oracle is not that bad a company. you don't want to get too negative either. what could be right?
been really silent since saying the budget sequester will produce very big lay-offs and a weakened economy. he's gone radio silent. we know next week that will be the week when the president will most likely use his podium to talk about how horrible sequestration will be, because it kicks in at the end of the month. perhaps the excellent jobless numbers we got this morning will be the last good one if it's as bad as obama scares us into thinking it is. we know that local and state governments...
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Mar 20, 2013
03/13
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it also will help grow our economy and create jobs. our plan is a plan to grow the economy. what we are seeing on the other side from the senate by the democrats is a plan that is going to grow one thing, that is the national debt. at a time when many seniors are worried about their benefits and we see many young people that are having trouble finding jobs after they graduate from college, ours is a plan that will give them the certainty, that will help them find those jobs, because it will help grow the economy. what we need from the president, what we need from senate democrats is a plan to join us in this effort to help improve the lives of americans all across this country. inas one of the few cpa's this town, you'll be hard- pressed to find a bigger tax, budget, or economic geek than me. there is nothing i enjoy more than having a discussion about debt to equity ratios and allocations and the difference between getting to primary balance as opposed to actually balancing the budget. i have been told that normal people do not enjoy those discussions. i can tell you one th
it also will help grow our economy and create jobs. our plan is a plan to grow the economy. what we are seeing on the other side from the senate by the democrats is a plan that is going to grow one thing, that is the national debt. at a time when many seniors are worried about their benefits and we see many young people that are having trouble finding jobs after they graduate from college, ours is a plan that will give them the certainty, that will help them find those jobs, because it will...
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Mar 22, 2013
03/13
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economy is improving. the backdrop of the financial crisis is keeping worldwide central banks very loose in their policy so as a result we should expect a very easy fed and in my 30 years of managing money when the fed is on your side on the long side, that is a positive situation. >> all right. great to talk to you, chuck. thanks so much. some of your top other holdings, objection dental, jpmorgan and pfizer. congratulations on being called the ultimate stock picker. >> thank you very much and have a good day. >> you do the same. let's get to josh lipton now who is at the markets desk for a check on what's working right now. >> check out darden restaurants. we're showing a bit of green here. reported results basically in line with the street's lowered estimates. remember, the company whose chains include olive garden and red lobster cut its third quarter and full-year forecast last month citing higher taxes and gas prices. the stock right now up about 1.2%. scott, back to you. >> josh, thank you. coming u
economy is improving. the backdrop of the financial crisis is keeping worldwide central banks very loose in their policy so as a result we should expect a very easy fed and in my 30 years of managing money when the fed is on your side on the long side, that is a positive situation. >> all right. great to talk to you, chuck. thanks so much. some of your top other holdings, objection dental, jpmorgan and pfizer. congratulations on being called the ultimate stock picker. >> thank you...
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Mar 21, 2013
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economy. they are also costs associated with unconventional policy, such as potential effects of financial stability, which are hard to quantify and people have different views about. giveve not been able to quantitative thresholds at this point for the assets -- asset purchases. we will continue to provide information as we go forward. in particular, as i mentioned it , wey, as we make progress may adjust the flow rate of purchases month-to-month to appropriately calibrate the amount of accommodation we are providing giving the outlook -- given the outlook. weterms of further color, have not given quantitative analysis. we would be looking for a sustained improvement in a range of key labor market indicators, including payrolls, but also others like the hiring rate, claims for unemployment insurance, and so on. we are looking for a sustained improvement across a range of indicators and since we are looking at the outlook and the prospects rather than the current state of the labor market, we
economy. they are also costs associated with unconventional policy, such as potential effects of financial stability, which are hard to quantify and people have different views about. giveve not been able to quantitative thresholds at this point for the assets -- asset purchases. we will continue to provide information as we go forward. in particular, as i mentioned it , wey, as we make progress may adjust the flow rate of purchases month-to-month to appropriately calibrate the amount of...
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Mar 22, 2013
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banking system, to be as large relative to our economy as the cyprus banking system is to their economy, we would need 45 more jpmorgans in order to have that sizes of the economy. there's somewhere else comparable. the only place they could go was deposits. the big mistake was going after uninsurance -- i mean insured deposits. >> i think i told that from you. that is a good point, but i think i stole it from you. >> the serendipitous part of this for me is that all the countries that are in trouble are like in southern europe for you. you're not in finland, you're not if poland. all the trouble is -- >> beautiful places, joe. >> that's good. that's really good. and then when i said -- >> i do frequently say to myself thank goodness this isn't happening in azurbashaun. >> you have to get there. you're doing it for us and we really appreciate it. >> wait, wait. if this country does leave the euro, we want to see that. we want to document that. >> no, i was just saying because it's not affecting our markets doesn't mean that you shouldn't be there. and we're glad that you are there. >> r
banking system, to be as large relative to our economy as the cyprus banking system is to their economy, we would need 45 more jpmorgans in order to have that sizes of the economy. there's somewhere else comparable. the only place they could go was deposits. the big mistake was going after uninsurance -- i mean insured deposits. >> i think i told that from you. that is a good point, but i think i stole it from you. >> the serendipitous part of this for me is that all the countries...
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Mar 21, 2013
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economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just setting up my twitter. since then the media giant has become a staple for millions. it has transformed the way people communicate so what could twitter do in the next seven years? tweet us @squawkstreet. >>> the market is accelerating downward, now down 67 points. let's get a "market flash" from josh back at hq. >> juniper networks is under pressure this morning. analysts at fbr not fans saying we are the end of an era as routers and switches are set to decline. fbr downgrades juniper and cisco toeon perform. the company's fbr sa
economy's improving. but we still have fundamental issues in the structure of our economy, imbalances. we are not out of the woods yet. we're not in self-sustaining recovery. we need to start to see that to become increasingly more bullish on the financial markets. >> that was really good. you're a good double act. we should have you on more. thank you both. brian and chad. have great days. >>> seven years ago today twitter co-founder jack dorsey sent the first tweet writing just...